SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 20, 2000
Saxon Asset Securities Company
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(Exact name of registrant as specified in charter)
Virginia 34-0-20552 54-1810895
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
4880 Cox Road, Glen Allen, Virginia 23060
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (804) 967-7400
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(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant. Not Applicable.
Item 2. Acquisition or Disposition of Assets. Not Applicable.
Item 3. Bankruptcy or Receivership. Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant. Not Applicable.
Item 5. Other Events.
On December 6, 2000, the Registrant entered into an
underwriting agreement with, Credit Suisse First Boston Corporation,
Banc of America Securities LLC, Chase Securities Inc. and Greenwich
Capital Markets, Inc. (the "Underwriters"), pursuant to which the
Underwriters agreed to purchase and offer for sale to the public, the
Registrant's Mortgage Loan Asset Backed Certificates, Series 2000-4,
Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6,
Class A-IO, Class MF-1, Class MF-2, Class BF-1, Class AV-1, Class MV-1,
Class MV-2 and Class BV-1 Certificates (collectively, the "Underwritten
Certificates"). The Underwritten Certificates are registered for sale
under the Registrant's effective shelf Registration Statement on Form
S-3 (333-35370), and are offered pursuant to a Prospectus dated May 19,
2000, and a Prospectus Supplement dated December 15, 2000, to be filed
with the Securities and Exchange Commission pursuant to Registration
No. 333-35370.
In connection with the offering of the Underwritten
Certificates, the Underwriters have prepared and disseminated to
potential purchasers certain "Computational Materials," as such term is
defined in the No-Action response letter to Kidder, Peabody and Co.
Incorporated and certain affiliates thereof (publicly available, May
20, 1994). The Computational Materials furnished to certain prospective
investors by the lead Underwriter, Credit Suisse First Boston
Corporation, are filed herewith as Exhibit 99.1. In addition, Banc of
America Securities LLC, Chase Securities Inc. and Greenwich Capital
Markets, Inc., as co-underwriters, have furnished Computational
Materials to certain prospective investors, which are substantially
identical to the Computational Materials furnished by Credit Suisse
First Boston Corporation, other than the disclosure in each related
co-underwriter's legend.
Item 6. Resignations of Registrant's Directors. Not Applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Not Applicable.
Item 8. Change in Fiscal Year. Not Applicable.
EXHIBITS
99.1 Copy of "Computational Materials" as provided by Credit Suisse First
Boston Corporation.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SAXON ASSET SECURITIES COMPANY
By: /s/ BRADLEY D. ADAMS
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Bradley D. Adams, Senior Vice President
December 19, 2000
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INDEX TO EXHIBITS
PAGE
99.1 Copy of Computational Materials as provided by Credit
Suisse First Boston Corporation.
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